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Vitamin World to file for Chapter 11 bankruptcy

John Todd / AP

Vitamin World, the nutritional supplement chain with nearly 350 stores, plans to file for Chapter 11 bankruptcy as soon as this month, per Reuters.

  • The reasoning: The company wants to be able to escape some of its most expensive lease agreements, which are hurting Vitamin's World bottom line.
  • Why it matters: Brick-and-mortar specialty stores like Vitamin World are increasingly becoming obsolete as online stores allow consumers to compare and purchase their products with ease.